178
RICE.
THE HONGKONG WEEKLY PRESS AND
per cwt. case 5.50 Lo
HONGKONG, 25th August.-There has been a large demand for shipment to the Straits and Japan, and prices for the better descriptions are again advancing. Quotations are :---
Saigon, Ordinary.
Round, good quality Loug
$2.64 to 2.66
2.42 to 2.81
2.91 to 2 97
*
Siam, Field, mill cleaned, No, 2 ...
2.72 to 2.75
33
"
Garden, White. Fine Cargo
No. 1
2.96 to 3.00
31
COALS.
3.97 to 4.00
4.13 to 4.15
Steel..... SUNDRIES
Quicksilver
Window Glass
Kerosene Oil
per picul
[August 26, 1897.
in the London rate to £39.10, and with a- number of shares offering from Shanghai, the rate suddenly fell to 170 with sales, and later still sales were reported at 168; at time of closing the market is steadier at 170, the London rate having risen to £40. Nationals have been enquired for at rates under the per 10-gal. case quoted ones, but no sales have been reported.
.124.00 to
per box 3.90 to 8.95
1.95 to
HONGKO, 25th August.-Market stendy. Quo- stated that the-import trade was at a standstill,
tations are:-
Cardiff
.$16.50 to 18.00 ex ship. Australian 7.75 to 10.00-ex ship, steady Miike Lump... 8.00 to 9.25 ex ship, nominal Mike Small... 7.25 to 8.00 none offering Moji Lump 7.75 to 8.50 ex ship, sales
...
MISCELLANEOUS IMPORTS. HONGKONG, 25th August.-Amongst the sales reported are the following :-
YARN AND PIECE GOODS: —Bombay Yarn.- 115 bales No. 8 at $88.50 to $91, 550 bales No. 10 at $91.75 to $100, 440 bales No. 12 at $98 to $100, 55 bales No. 16 at $101 to $107, 700 bales No. 20 at $108.50 to $113. Grey Shirtings. -1,200 pieces 12 lbs. Blue Dragon at $4.8 White Shirtings-500 pieces No. 30) at $3.80, 1,000 pieces C. Mark at $5.60, 150 pieces E. K. at $6.
METALS.-Iron-200 kegs wire nails at $6.05, 300 kegs wire nails, fine, at $7.75. Tin.-100 slabs Foongchai at $37.80, 200 slabs Siam at $37.50 to $37.60.
COTTON PIECE GOODS.
Grey Shirtings-6lbs.
7lbs.
8.4 lbs.
9 to 10 lbs
White Suirtings--51 to 56 rd. 2.45 -to
per piece 1.80 to 1.90 2.10 to 2.30 2.45 to 3.40 3.40 to 4.30 2.65 3.40 4.00 7.30 5.90 1.35 1.75 2.20 1.90 3.00 3.30
5.25
2.80 to 64 to 60 3.40 to Fine
4.20 to Book-folds. 3.70 to Victoria Lawns-12 yards 0.67 to T-Cloths-lbs. (32 in.). Ord❜y. 1.55 to 1.95 to 1.75 to 2.20 to
58,to 60
17
2.45 to
7lbs. (32,; }, 6lbs. (32 ), Mexs.
>
Flbs. (32,, ),
8 to 8.4 oz, (38 in.)
Drills, English-10 yıls., 134 to | 3.85 to
FANCY COTTONS
1.1lbs
5lbs.
Turkey Rei Shirtings-1 to 1.45 to 4.00 Brocades-Dyel
Damasks
Chintzes-Assorteil Velvets-Black. 22 in Velveteens-18 in.
4.00 to 4.75
per yard 0.12 to 0.16 3.08 to 0.11 0.21 to 0.32 0.18 to 0.21
per dozen Handkerebicfs-Imitation Silk 0.50 to - 0.90 WOOLLER
per yard Spanish Stripes-Sundry chops. 0.624 to
1.30 German. 1.13 to 1.50 Habit, Med., and Broad Cloths. 1.45 to 5.25
pir piece 7.15 to 9.00
Long Ells-Scarlet
Assorted
Gamlets-Assorted
7.25 to 9.10 14.00 to 36.00
Lastings-30 yds., 31 inches, ? 12.00 to 22.00
Assorted j
Orleans-Plco
Blankets-8 to 121b-.
METALS
Iron-Nail Rod
3.60 to 4.59
per pair 6.00 to 12.00
per picul 4.25 to
Square. Flat Round Bar
4.30 to
Swedish Dar
6.10 to
-4.60 to
5.50 lo 2.60 to 3,00 8.60 to 8.40 to
Small Round Rod
Hoop
Old Wire Rope-
Lead, L. B. und Hole Chop
Australian..
Yellow M'tal-Muntz,14/20 oz. 81.50 to Vivian's, 14/20 oz. 30.00 to Elliot's, 14/20 oz. 30.00 to to
Japan Copper, Slabs
Tiles
Tin
Composition Nails
Fin-Plates
to
to
to
per box.
6:10 to
SHANGHAI, 19th August -(From Messrs. Noël, Murray & Co's. Piece Goods Trade Report) Sterling rates having receded close on four per cent. since our last was published, when we so it can easily be imagined what the position is DOW. With the exception of a few transactions for Cores in special make heavy Shirtings, against which Exchange had been settled some. time since in anticipation of the demand, there is nothing doing privately from first hands, and judging by the very unsatisfactory and тело prices paid at auction there is absolutely nk inducement to do anything. Naturally so long as there is any stock here there must be some movement, but there appears to be very little, if any, left in first hauds now that Exchange has not been settled against. This, however, cannot be said of native owned goods, and is causing much anxiety to the Importers. All expedients seem to have failed them this year, and nothing
.
but loss has been the result of all their manipula- tions. Compromises have been arranged in some cases and troubles tided over for the time being, but it is idle to imagine that this great crisis can be passed over without some very considerable amount of grief amongst the trade. Meanwhile the Newchwang market is the only one that is showing any vitality, and the way in which it keeps up in face of the enormous quan- tities that have gone forward is quite refreshing. Tientsin and Hankow are both holding off on account of the high prices ruling here, but doubtless when they have worked of the com. paratively cheap supplies in hand they will manage to pay up a little more, as the enhanced prices they are receiving for their produce must tell in the long run. The Manchester market is quiet but steady, with Cotton 43d. in Liverpool. With the present discrepancy of nearly 50 per ceut. in the intrinsic values of the Rupee and Tael, in favour of the former, manufactures are not unnaturally turning their attention to the weaving of cloths suitable for India, and the China trade will be ignored, thus everything tends towards the fostering of the native industry. The local Cotton crop is coming on in a very satisfactory manner, and already bas made a perceptible impression on the price for spot cargo, which is now Tls. 17.50 for best ginned. The enhanced prices required by Importers of Indian Yaru on account of the further decline in the Rupee rate for remittance has almost caused a dend-lock in that trade. Rupees are quoted to- day 181 per 100 tacis.
Metals.-(From Messrs. Alex. Bielfeld & Co.'s Report) 20th August : During the past week everything has been stagnant owing to the terrible pranks that are being played with ex- change. Neither foreigners or Chinese know which way to turn, and the natives are all trembling for the next settlement on the 13th September, as owing to the general upsetting of all calculations they scarcely know what to expect. There is absolutely nothing doing, and it would almost seem that business is impossible until there is a likelihood of exchange crystallis ing. At the present state it is madness attempt to forecast, and what may be good busineas to-day may mean ruin to-morrow, Auction --100 tons Scrap Iron at Tls. 1.88 to 1.94; 50 tons Old Thin Plates at Tls. 1.95; 20 tons Old Telegraph Wire at Thu. 1.77; 15 tons Old Iron Chains at Tis2.75.
to
JOINT STOCK SHARES. HONGKONG, 25th August.-Business during the week under review has been a little more brisk and a fair number of transactions have been put through, chiefly, however, at declining rates, and the market closes shy with rates somewhat erratic.
BANKS.-Hongkong and Shanghais.-With the continued fall in the value of silver, tight money, and probably owing to some extent to the unsettled state of politics in Europe and India, the stook has ruled weak, and rates have fallen considerably. In the early part of the week small sales were effected at 177 and 176 per cent. prem., but later, with a further drop
MARINE INSURANCES.-China Traders have found further buyers at 878 and $78). Unions are still enquired for at $232. but sellers hold for higher rates. Cantons continue on offer and the rate has fallen to $177 without busi- ness. Straits have changed hands at the im- proved rate of $173. Yangtsaes have found Coast buyers at $158 and more are wanted at the rate, holders demanding $160. North Chinas have been negotiated in the North at quotation.
FIRE INSURANCES. The market has been very dull and inactive with both Hongkongs and Chinas offering at quotations and little or no business.
SHIPPING. Hongkong, Canton and Macaos have declined to 3324 with sales and close quiet at that rate. Indo-Chinas have been on offer at 849 all the week and sales are reported at $48. Douglases continue with sellers and no sales or buyers at $665. China Mutuals are enquired for without bringing out sellers.
REFINERIES.-China Sugars have further declined to $140, after small sales at $143 and 8142 from the North. Lusons have ruled quiet with small sales at $44 and close with sellers at that rate.
MINING. Punjoms have continued quiet and with but small sales at from $51 to $6, closing at $5.75. At the private meeting of shareholders held on the 24th inst. an offer was submitted from the American Syndicate. the details of which being rather complicated, it was decided to circulate the same amongst the shareholders and adjourn the meeting to the 30th inst., when an expression of opinion might be obtained. Charbonnages have changed hands at 881 to $83 and more shares are wanted and could be placed at $85. New Balmorals and Olivers have found buyers to a limited extent at quotations, both closing quiet. Jelebus have been negotiated at $2.10. Raubs have shown steady signs of recovery and a fair business has been put through at $183, $19, and $193 cum dividend and at $181, $19, and $19.10 ex dividend, a good many shares at the higher rates going to Singapore buyers. The dividend just to band (1s. Od.) is payable at the rate of 2s. Od,. or 50 cents per share, by the Chartered Bank of India, &c., Singapore, and can be sold at the present to most of the local Banks at par. The market closes firm at $19 ex dividend.
DOCKS, WHARVES, AND GODOWNS.-Hong- kong and Whampoa Docks, with a good many the market for the settlements. shares on have ruled quiet and weak with sales at 237, 236, 235, and 234 per cent. prem. cum dividend and later at 222 ex div. Kowloon Wharves continue neglected and quiet with sellers at 864 and buyers to a limited extent at $63; at time of closing sales have been effected at $63. Wanchais have found further investing buyers at $444, and close steady at that rate.
kong Lands continue very quiet with no LANDS, HOTELS, AND BUILDINGS.-Hong-
business. Hotels remain steady at 850 to $51 cum dividend payable on the 30th instant, and small sales have been effected at these rates. Kowloon Lands have found small buyers at $19. Humphreys Estates have changed hands and are still offering at $91, and West Points continue out of favour at quotation.
MISCELLANEOUS.-Green Islands have been in demand and sales effected at $44 and $444 cum new issue, $291 and $293 ex new issue, and $14 for new issue, market closing firm. Watsons have found further buyers at $124, Electrics at $74, Ropes at $171, and Fenwicks at $281, whilst Ices and Tramways continue on the market at quotations without sales. a little easier after Cotton Mills all close sales of Ewos at Tls. 116 and Lung Kung Mows at Tl. 119 and Tls. 118. The applications for the Hongkong Cotton Spinning, Weaving, and Dyeing C mpany's shares exceeded the number to be allotted by 34 times; the stock is now quoted at $15 per cent.) prem. on the $20 paid up.
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